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Biotech / Medical : MedImmune

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To: tuck who wrote (260)11/18/2003 10:28:21 AM
From: tuck  Read Replies (1) of 416
 
>>7:23AM MEDI cut to Sell at Deutsche; target $15 25.58: -- Update -- Deutsche Securities downgrades MedImmune to Sell from Hold and cuts their target to $15 from $31 after the co lowered guidance (6:11); firm believes FluMist has been mispriced for the mkt (FluMist was introduced at a price of $46 vs $8 for the conventional flu shot), and as a result firm believes that weak FluMist sales will persist; firm also thinks visibility on the co's pipeline is poor.<<

Courtesy of briefing.com. Deutsche only half right here. Yeah, FluMist sucks. Pipeline visibility may be poor, but not for long. I think $15 is a bit much, and so does the market so far: not even close to firesale status today. Weisel was way ahead Deutsche on this.

Cheers, Tuck
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